Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to classmates or your faculty member.
Due Day 3
Respond to the following in a minimum of 175 words:
Describe the purpose of the five primary financial statements.
- Statement of Comprehensive Income
- Income Statement
- Balance Sheet
- Statement of Cash Flows
- Statement of Shareholder’s Equity
Give an example of a profitability, liquidity, and solvency ratio and explain the components and which financial statement would provide the information.